Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX+0.058%72s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.789% of the position

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.214%+$21 · spread now +0.058%, 7d avg −0.002%

Together, before fees+0.213%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.060% dearer against edgeX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.1246	0.0100	pay 0.0050% / 4h	3h 32m	$259K	$1.3M	20x
Short	Aevo NEAR-PERP	4.1269	0.0104	get 0.0013% / 1h	32m 08s	$199K	$64K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee AevobpOrdersPrice spread, now +0.058%Rate

Funding earned: $0.84
Price spread: +0.058% → −0.002%: $5.96
Slippage, 4 orders: −$53.86
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$72.06
Costs to cover: 0.789%
Break-even: 607.5 days

Slippage from edgeX: live order book, 2 min ago; Aevo: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 2 min ago	8.51 bp	13.6 bp −$14	30.9 bp −$309	doesn't fit	doesn't fit
Sell Aevo live order book, 17 min ago	9.78 bp	28.3 bp −$28	doesn't fit	doesn't fit	doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.1249	+0.008%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1321	+0.183%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1388	+0.345%	$312K	$19.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1254	+0.021%	$200K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0008%	1h	4.1268	+0.055%	$2.1M	$12.9M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0013%	1h	4.1335	+0.216%	$7.2M	$35.0M	50x	as long as short
Extended NEAR-USD	+0.0056%	1h	4.1284	+0.094%	$3.6M	$14.6M	25x	as long as short
Injective NEAR/USDC PERP	+0.0081%	1h	4.1150	−0.232%	$574	$186K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1280	+0.084%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1265	+0.048%	$30K	$2K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1297	+0.125%	$2.8M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1342	+0.234%	$422K	$1.1M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1265	+0.047%	$238.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1230	−0.038%	$210.3M	$429.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1230	−0.038%	$56.9M	$281.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1320	+0.181%	$306K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1288	+0.103%	$29.6M	$56.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1280	+0.084%	$81.6M	$145.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1310	+0.156%	$56.1M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1275	+0.071%	$69.2M	$129.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1260	+0.035%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1236	−0.024%	$7.5M	$18.4M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.1246	long leg	$259K	$1.3M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1320	+0.181%	$1.4M	$1.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1160	−0.207%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1296	+0.122%	$230K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1275	+0.071%	$52K	$179K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1300	+0.132%	$2K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1295	+0.120%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1280	+0.084%	$3.8M	$8.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1350	+0.253%	$236K	$6K	10x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.1269	+0.058%	$199K	$64K	3x
Lighter RH NEAR	+0.0176%	1h	4.1342	+0.234%	$1.5M	$7.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0186%	1h	4.1298	+0.127%	$1.8M	$2.0M	25x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1316	+0.171%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1320	+0.181%	$12.4M	$33.2M	75x	as long as short
RISEx NEAR/USDC	+0.0365%	1h	4.1307	+0.148%	$393K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0316%	1h	4.1245	−0.002%	$272K	—	100x	as long as short
Nado NEAR-PERP	+0.0392%	1h	4.1260	+0.035%	$1.8M	$4.0M	10x	as long as short
Phoenix NEAR	+0.0474%	1h	4.1297	+0.125%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0565%	1h	4.1314	+0.166%	$1.4M	$4.9M	20x	as long as short
Lighter NEAR	+0.0968%	1h	4.1362	+0.282%	$15.3M	$22.4M	15x	as long as short
Aftermath Perps NEARUSD	+0.1147%	1h	4.1215	−0.074%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1190%	8h	4.1370	+0.302%	$442K	$3.9M	75x	as long as short
Hyperliquid NEAR	+0.1355%	1h	4.1376	+0.316%	$350.6M	$306.3M	10x	as long as short